Mergent's "Dividend Achiever" funds

Description:

From Quant Investor.

Recently a number of new ETF’s have been issued that are related to Mergent’s “Dividend Achiever” indexes. A dividend achiever is a company that has increased its regular annual dividend for ten or more consecutive years. Note that keeping the dividend unchanged one year out of ten is not acceptable and would cause the company to drop off of the “dividend achiever” list. Such a company would need to re-start the 10-year cycle all over again to get back onto the list. There is also a liquidity requirement- the two month average daily trading (price*volume) must exceed $500K.

Here are 10 funds available that use variants of Mergent’s dividend achiever concept.

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